RenCap strengthens emerging market operations

Renaissance Capital, an emerging and frontier markets investment bank, has appointed James Friel as the global head of investment banking, effective September 2015.

According to a statement by the firm, Friel will oversee all investment banking activities at the firm with a strategic mandate to further develop Renaissance Capital’s EEMEA and new markets franchise.

The statement explained that although he would be based in Moscow, Friel would travel extensively to sub-Saharan Africa and the bank’s other key regions across the universe.

Friel joins RenCap from Rothschild, where he has spent the last ten years, and headed the firm’s business in Russia and the CIS, in addition to having global responsibility for the steel sector, the statement said.

It added that while at Rothschild, Friel worked on numerous large Russian mergers and acquisition transactions, initial public offerings and financing deals across a wide range of sectors, including advising Abbott on the c.$700m acquisition of Veropharm.

The Chief Executive Officer, Renaissance Capital, Igor Vayn, was quoted as saying, “We are delighted to welcome James on board and think he will be an invaluable addition to the firm. He has built an exemplary reputation after many years in investment banking and can draw on a wealth of experience in both developed and emerging markets.”

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